Shree Cement Ltd's arm to set up clinker grinding unit in Purulia district of West Bengal

The Board of Directors of Shree Cement East Private Limited (SCEPL), a Wholly Owned Subsidiary of Shree Cement Ltd has today approved the proposal for setting up of a Clinker Grinding Unit at Village Digha & Parbatpur, in Purulia district of West Bengal.

The Proposed capacity addition is 3.0 Million Ton Per Annum at an investment of Rs. 750 Crores (Approx.). The financing will be through equity contribution from Shree Cement Ltd.

The cement demand supply situation in West Bengal appears quite favourable and thus, investment in cement plant in the State would be a viable proposition.

Shares of Shree Cements Ltd., was last trading in BSE at Rs. 30684 as compared to the previous close of Rs. 30666.9. The total number of shares traded during the day was 1099 in over 708 trades.

The stock hit an intraday high of Rs. 30744.25 and intraday low of 30400. The net turnover during the day was Rs. 33583773.

Source : Equity Bulls

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